Deroy & Devereaux Private Investment Counsel Inc. Lowers Holdings in Gaming and Leisure Properties, Inc. $GLPI

Deroy & Devereaux Private Investment Counsel Inc. decreased its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 2.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,355 shares of the real estate investment trust’s stock after selling 1,865 shares during the period. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in Gaming and Leisure Properties were worth $3,004,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of GLPI. Nuveen LLC bought a new stake in shares of Gaming and Leisure Properties in the 1st quarter worth $151,723,000. Invesco Ltd. increased its holdings in shares of Gaming and Leisure Properties by 127.7% in the 1st quarter. Invesco Ltd. now owns 4,512,234 shares of the real estate investment trust’s stock worth $229,673,000 after purchasing an additional 2,530,463 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Gaming and Leisure Properties by 731.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,212,612 shares of the real estate investment trust’s stock worth $112,622,000 after purchasing an additional 1,946,575 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Gaming and Leisure Properties by 294.6% in the 1st quarter. Millennium Management LLC now owns 966,925 shares of the real estate investment trust’s stock worth $49,216,000 after purchasing an additional 721,861 shares in the last quarter. Finally, Ninety One UK Ltd increased its holdings in shares of Gaming and Leisure Properties by 34.5% in the 2nd quarter. Ninety One UK Ltd now owns 2,101,197 shares of the real estate investment trust’s stock worth $98,084,000 after purchasing an additional 538,554 shares in the last quarter. Institutional investors own 91.14% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on GLPI. Mizuho lifted their target price on Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “neutral” rating in a report on Thursday, September 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Gaming and Leisure Properties in a report on Wednesday, October 8th. Macquarie cut their price objective on Gaming and Leisure Properties from $60.00 to $59.00 and set an “outperform” rating for the company in a report on Monday, July 28th. Barclays cut their price objective on Gaming and Leisure Properties from $55.00 to $51.00 and set an “equal weight” rating for the company in a report on Wednesday, August 20th. Finally, Royal Bank Of Canada cut their price objective on Gaming and Leisure Properties from $54.00 to $53.00 and set an “outperform” rating for the company in a report on Monday, July 28th. Five research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $52.71.

Gaming and Leisure Properties Stock Performance

Shares of GLPI opened at $44.68 on Wednesday. The company has a debt-to-equity ratio of 1.41, a current ratio of 7.39 and a quick ratio of 7.39. Gaming and Leisure Properties, Inc. has a one year low of $44.21 and a one year high of $52.27. The firm has a market capitalization of $12.64 billion, a P/E ratio of 17.32, a PEG ratio of 9.64 and a beta of 0.74. The business has a fifty day moving average of $46.83 and a 200 day moving average of $47.11.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.96 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.01). The firm had revenue of $394.90 million during the quarter, compared to the consensus estimate of $397.27 million. Gaming and Leisure Properties had a return on equity of 15.43% and a net margin of 46.32%.The business’s revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.94 EPS. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. As a group, sell-side analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.

Gaming and Leisure Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were given a dividend of $0.78 per share. The ex-dividend date was Friday, September 12th. This represents a $3.12 annualized dividend and a yield of 7.0%. Gaming and Leisure Properties’s payout ratio is 120.93%.

Insiders Place Their Bets

In related news, Director E Scott Urdang sold 3,000 shares of Gaming and Leisure Properties stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $46.54, for a total transaction of $139,620.00. Following the transaction, the director directly owned 133,953 shares in the company, valued at approximately $6,234,172.62. The trade was a 2.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.26% of the company’s stock.

Gaming and Leisure Properties Profile

Gaming & Leisure Properties, Inc engages in the provision of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The company was founded on February 13, 2013 and is headquartered in Wyomissing, PA.